Earnings for Carnival (CCL) Expected to Fall

Wall Street is expecting lower profit for Carnival when the company reports its third quarter results on Tuesday, September 24, 2013. Analysts are expecting earnings per share of $1.30 after the company booked a profit of $1.53 a share a year earlier.

The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was $1.37. Analysts are expecting earnings of $1.56 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $3.70 billion by 26%, finishing at $4.65 billion for the quarter. For the year, revenue is projected to roll in at $15.43 billion.

Over the last four quarters, revenue has fallen an average of 9% year-over-year. The biggest drop came in the most recent quarter, when revenue fell 26% from the year-earlier quarter.